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are trading bots legal: Algo Bots and the Law Gregory Scopino, 2020-10-15 An exploration of how financial market laws and regulations can - and should - govern the use of artificial intelligence. |
are trading bots legal: The Front Office Tom Costello, 2021-02-05 Getting into the Hedge Fund industry is hard, being successful in the hedge fund industry is even harder. But the most successful people in the hedge fund industry all have some ideas in common that often mean the difference between success and failure. The Front Office is a guide to those ideas. It's a manual for learning how to think about markets in the way that's most likely to lead to sustained success in the way that the top Institutions, Investment Banks and Hedge Funds do. Anyone can tell you how to register a corporation or how to connect to a lawyer or broker. This isn't a book about those 'back office' issues. This is a book about the hardest part of running a hedge fund. The part that the vast majority of small hedge funds and trading system developers never learn on their own. The part that the accountants, settlement clerks, and back office staffers don't ever see. It explains why some trading systems never reach profitability, why some can't seem to stay profitable, and what to do about it if that happens to you. This isn't a get rich quick book for your average investor. There are no easy answers in it. If you need someone to explain what a stock option is or what Beta means, you should look somewhere else. But if you think you're ready to reach for the brass ring of a career in the institutional investing world, this is an excellent guide. This book explains what those people see when they look at the markets, and what nearly all of the other investors never do. |
are trading bots legal: Machine Learning for Algorithmic Trading Stefan Jansen, 2020-07-31 Leverage machine learning to design and back-test automated trading strategies for real-world markets using pandas, TA-Lib, scikit-learn, LightGBM, SpaCy, Gensim, TensorFlow 2, Zipline, backtrader, Alphalens, and pyfolio. Purchase of the print or Kindle book includes a free eBook in the PDF format. Key FeaturesDesign, train, and evaluate machine learning algorithms that underpin automated trading strategiesCreate a research and strategy development process to apply predictive modeling to trading decisionsLeverage NLP and deep learning to extract tradeable signals from market and alternative dataBook Description The explosive growth of digital data has boosted the demand for expertise in trading strategies that use machine learning (ML). This revised and expanded second edition enables you to build and evaluate sophisticated supervised, unsupervised, and reinforcement learning models. This book introduces end-to-end machine learning for the trading workflow, from the idea and feature engineering to model optimization, strategy design, and backtesting. It illustrates this by using examples ranging from linear models and tree-based ensembles to deep-learning techniques from cutting edge research. This edition shows how to work with market, fundamental, and alternative data, such as tick data, minute and daily bars, SEC filings, earnings call transcripts, financial news, or satellite images to generate tradeable signals. It illustrates how to engineer financial features or alpha factors that enable an ML model to predict returns from price data for US and international stocks and ETFs. It also shows how to assess the signal content of new features using Alphalens and SHAP values and includes a new appendix with over one hundred alpha factor examples. By the end, you will be proficient in translating ML model predictions into a trading strategy that operates at daily or intraday horizons, and in evaluating its performance. What you will learnLeverage market, fundamental, and alternative text and image dataResearch and evaluate alpha factors using statistics, Alphalens, and SHAP valuesImplement machine learning techniques to solve investment and trading problemsBacktest and evaluate trading strategies based on machine learning using Zipline and BacktraderOptimize portfolio risk and performance analysis using pandas, NumPy, and pyfolioCreate a pairs trading strategy based on cointegration for US equities and ETFsTrain a gradient boosting model to predict intraday returns using AlgoSeek's high-quality trades and quotes dataWho this book is for If you are a data analyst, data scientist, Python developer, investment analyst, or portfolio manager interested in getting hands-on machine learning knowledge for trading, this book is for you. This book is for you if you want to learn how to extract value from a diverse set of data sources using machine learning to design your own systematic trading strategies. Some understanding of Python and machine learning techniques is required. |
are trading bots legal: Mastering AI-Powered Trading Bots for Options: Jeffery Long, 2024-08-15 Mastering AI-Powered Trading Bots for Options Analyzing Large Amounts of Data Faster Than Humans Can Read AI can help traders make more informed decisions by analyzing large amounts of data and identifying patterns that humans may miss. Some ways AI can help in trading options include: 1. Predictive analytics: AI algorithms can analyze historical market data and predict future price movements, helping traders make more accurate decisions on which options to buy. 2. Sentiment analysis: AI can analyze news articles, social media posts, and other sources of information to gauge market sentiment and identify potential trading opportunities. 3. Risk management: AI can help traders manage risk by analyzing their portfolio and identifying potential risks and opportunities for hedging. 4. Automation: AI can automate the trading process, executing trades based on predetermined criteria and removing human emotion from the decision-making process. 5. Machine learning: AI can continuously learn from past trading data and optimize trading strategies over time, adapting to changing market conditions and improving performance. Overall, AI can help traders make more informed decisions, reduce risk, and potentially increase returns when trading options. Chapter 1: Introduction to AI and Option Trading Welcome to the exciting world of AI-powered trading bots for executing options trades. In this subchapter, we will explore the fundamentals of AI and option trading, providing you with a solid foundation to begin your journey into the world of trading stocks and options. Whether you are a novice trader looking to learn the basics or an experienced investor seeking to leverage the power of AI technology in your trading strategies, this subchapter is designed to help you understand the key concepts and principles that drive success in the world of option trading. First and foremost, it is important to understand what AI is and how it is revolutionizing the way we approach financial markets. Artificial intelligence, or AI, refers to the simulation of human intelligence processes by machines, particularly computer systems. In the context of option trading, AI can be used to analyze vast amounts of data, identify patterns and trends, and make informed decisions about when to buy or sell options. By harnessing the power of AI technology, traders can gain a competitive edge in the market and increase their chances of success. |
are trading bots legal: Mql4 Programming by Abdelmalek Malek Abdelmalek Malek, 2020-04-23 all what you need to program mql4 automated trading robot programmer (EA for Metatrader4) |
are trading bots legal: Dark Pools Scott Patterson, 2012-06-12 A news-breaking account of the global stock market's subterranean battles, Dark Pools portrays the rise of the bots--artificially intelligent systems that execute trades in milliseconds and use the cover of darkness to out-maneuver the humans who've created them. In the beginning was Josh Levine, an idealistic programming genius who dreamed of wresting control of the market from the big exchanges that, again and again, gave the giant institutions an advantage over the little guy. Levine created a computerized trading hub named Island where small traders swapped stocks, and over time his invention morphed into a global electronic stock market that sent trillions in capital through a vast jungle of fiber-optic cables. By then, the market that Levine had sought to fix had turned upside down, birthing secretive exchanges called dark pools and a new species of trading machines that could think, and that seemed, ominously, to be slipping the control of their human masters. Dark Pools is the fascinating story of how global markets have been hijacked by trading robots--many so self-directed that humans can't predict what they'll do next. |
are trading bots legal: Building Trading Bots Using Java Shekhar Varshney, 2016-12-07 Build an automated currency trading bot from scratch with java. In this book, you will learn about the nitty-gritty of automated trading and have a closer look at Java, the Spring Framework, event-driven programming, and other open source APIs, notably Google's Guava API. And of course, development will all be test-driven with unit testing coverage. The central theme of Building Trading Bots Using Java is to create a framework that can facilitate automated trading on most of the brokerage platforms, with minimum changes. At the end of the journey, you will have a working trading bot, with a sample implementation using the OANDA REST API, which is free to use. What You'll Learn Find out about trading bots Discover the details of tradeable instruments and apply bots to them Track and use market data events Place orders and trades Work with trade/order and account events Who This Book Is For Experienced programmers new to bots and other algorithmic trading and finance techniques. |
are trading bots legal: Game Hacking Nick Cano, 2016-07-01 You don’t need to be a wizard to transform a game you like into a game you love. Imagine if you could give your favorite PC game a more informative heads-up display or instantly collect all that loot from your latest epic battle. Bring your knowledge of Windows-based development and memory management, and Game Hacking will teach you what you need to become a true game hacker. Learn the basics, like reverse engineering, assembly code analysis, programmatic memory manipulation, and code injection, and hone your new skills with hands-on example code and practice binaries. Level up as you learn how to: –Scan and modify memory with Cheat Engine –Explore program structure and execution flow with OllyDbg –Log processes and pinpoint useful data files with Process Monitor –Manipulate control flow through NOPing, hooking, and more –Locate and dissect common game memory structures You’ll even discover the secrets behind common game bots, including: –Extrasensory perception hacks, such as wallhacks and heads-up displays –Responsive hacks, such as autohealers and combo bots –Bots with artificial intelligence, such as cave walkers and automatic looters Game hacking might seem like black magic, but it doesn’t have to be. Once you understand how bots are made, you’ll be better positioned to defend against them in your own games. Journey through the inner workings of PC games with Game Hacking, and leave with a deeper understanding of both game design and computer security. |
are trading bots legal: Personhood Beyond Humanism Tomasz Pietrzykowski, 2018-05-31 This book explores the legal conception of personhood in the context of contemporary challenges, such as the status of non-human animals, human-animal biological mixtures, cyborgisation of the human body, or developing technologies based on artificial autonomic agents. It reveals the humanistic assumptions underlying the legal approach to personhood and examines the extent to which they are undermined by current and imminent scientific and technological advances. Further, the book outlines an original conception of non-personal subjecthood so as to provide adequate normative solutions for the problematic status of sentient animals and other kinds of entities. Arguably, non-personal subjects of law should be regarded as holding one right, and only one right - the right to be taken into account. |
are trading bots legal: Automate This Christopher Steiner, 2012-08-30 The rousing story of the last gasp of human agency and how today’s best and brightest minds are endeavoring to put an end to it. It used to be that to diagnose an illness, interpret legal documents, analyze foreign policy, or write a newspaper article you needed a human being with specific skills—and maybe an advanced degree or two. These days, high-level tasks are increasingly being handled by algorithms that can do precise work not only with speed but also with nuance. These “bots” started with human programming and logic, but now their reach extends beyond what their creators ever expected. In this fascinating, frightening book, Christopher Steiner tells the story of how algorithms took over—and shows why the “bot revolution” is about to spill into every aspect of our lives, often silently, without our knowledge. The May 2010 “Flash Crash” exposed Wall Street’s reliance on trading bots to the tune of a 998-point market drop and $1 trillion in vanished market value. But that was just the beginning. In Automate This, we meet bots that are driving cars, penning haiku, and writing music mistaken for Bach’s. They listen in on our customer service calls and figure out what Iran would do in the event of a nuclear standoff. There are algorithms that can pick out the most cohesive crew of astronauts for a space mission or identify the next Jeremy Lin. Some can even ingest statistics from baseball games and spit out pitch-perfect sports journalism indistinguishable from that produced by humans. The interaction of man and machine can make our lives easier. But what will the world look like when algorithms control our hospitals, our roads, our culture, and our national security? What happens to businesses when we automate judgment and eliminate human instinct? And what role will be left for doctors, lawyers, writers, truck drivers, and many others? Who knows—maybe there’s a bot learning to do your job this minute. |
are trading bots legal: Research Handbook on Methods and Models of Competition Law Deborah Healey, Michael Jacobs, Rhonda L. Smith, 2020-11-27 This comprehensive Handbook illuminates the objectives and economics behind competition law. It takes a global comparative approach to explore competition law and policy in a range of jurisdictions with differing political economies, legal systems and stages of development. A set of expert international contributors examine the operation and enforcement of competition law around the world in order to globalize discussions surrounding the foundational issues of this topic. In doing so, they not only reveal the range of approaches to competition law, but also identify certain basic economic concepts and types of anticompetitive conduct that are at the core of competition law. |
are trading bots legal: Algorithms and Law Martin Ebers, Susana Navas, 2020-07-23 Exploring issues from big-data to robotics, this volume is the first to comprehensively examine the regulatory implications of AI technology. |
are trading bots legal: International Trade in Sustainable Electricity Thomas Cottier, Ilaria Espa, 2017-06 This book explores the regulatory challenges posed by the changing landscape of electricity trade to the multilateral trading system. |
are trading bots legal: Flash Boys: A Wall Street Revolt Michael Lewis, 2014-03-31 Argues that post-crisis Wall Street continues to be controlled by large banks and explains how a small, diverse group of Wall Street men have banded together to reform the financial markets. |
are trading bots legal: Research Handbook in Data Science and Law Vanessa Mak, Eric Tjong Tjin Tai, Anna Berlee, 2024-08-06 This thoroughly updated Research Handbook examines the recent exponential growth of data use in society and its implications for legal research and practice. It explores contemporary research in the field of data science, as well as the operationalization of data for use in healthcare, urban governance and smart household devices, among others. |
are trading bots legal: The Indigo Book Christopher Jon Sprigman, 2017-07-11 This public domain book is an open and compatible implementation of the Uniform System of Citation. |
are trading bots legal: Florida Law Review , 2015 |
are trading bots legal: The Economics of Online Gaming Andrew Wagner, 2020-02-14 The Economics of Online Gaming covers basic economic concepts, unique economic issues, and general economic themes. This book is made from the connections that the author saw when he compared his experience inside a video game with what he learned through a formal study of economic theory. Set in the Massively Multiplayer Online Role-Playing Game (MMORPG) of Eternal Lands, it follows the true story of Mr. Mind, a gamer who builds a business inside the game world that he calls RICH. This business grows from a small start-up to an unregulated natural monopoly that abuses its market power by intentionally losing money to drive competitors out of business. RICH becomes so influential that it breaks the market process with a unique case of regulatory capture. Through this story, the book demonstrates how economic thinking is absorbed by experimenting inside an online video game. The Economics of Online Gaming covers basic economic concepts, unique economic issues, and general economic themes. Each of these topics begins with the context of a story and continues with an explanation of the economic theory behind it, finishing with a relevant real-world connection. It supports economic theory in an emotional way that cannot be shared through math or charts or graphs. Appendix B provides a comprehensive outline of ideas for teaching and discussion in each chapter. |
are trading bots legal: Option Pricing, Interest Rates and Risk Management Elyès Jouini, Jakša Cvitanić, Marek Musiela, 2001 This 2001 handbook surveys the state of practice, method and understanding in the field of mathematical finance. Every chapter has been written by leading researchers and each starts by briefly surveying the existing results for a given topic, then discusses more recent results and, finally, points out open problems with an indication of what needs to be done in order to solve them. The primary audiences for the book are doctoral students, researchers and practitioners who already have some basic knowledge of mathematical finance. In sum, this is a comprehensive reference work for mathematical finance and will be indispensable to readers who need to find a quick introduction or reference to a specific topic, leading all the way to cutting edge material. |
are trading bots legal: Bots Nick Monaco, Samuel Woolley, 2022-05-10 Bots – automated software applications programmed to perform tasks online – have become a feature of our everyday lives, from helping us navigate online systems to assisting us with online shopping. Yet, despite enabling internet users, bots are increasingly associated with disinformation and concerning political intervention. In this ground-breaking book, Monaco and Woolley offer the first comprehensive overview of the history of bots, tracing their varied applications throughout the past sixty years and bringing to light the astounding influence these computer programs have had on how humans understand reality, communicate with each other, and wield power. Drawing upon the authors' decade of experience in the field, this book examines the role bots play in politics, social life, business, and artificial intelligence. Despite bots being a fundamental part of the web since the early 1990s, the authors reveal how the socially oriented ones continue to play an integral role in online communication globally, especially as our daily lives become increasingly automated. This timely book is essential reading for students and scholars in Media and Communication Studies, Sociology, Politics, and Computer Science, as well as general readers with an interest in technology and public affairs. |
are trading bots legal: Project and Trade Finance , 1995 |
are trading bots legal: Consumer Protection, Automated Shopping Platforms and EU Law Christiana Markou, 2019-09-10 This book looks at two technological advancements in the area of e-commerce, which dramatically seem to change the way consumers shop online. In particular, they automate certain crucial tasks inherent in the ‘shopping’ activity, thereby relieving consumers of having to perform them. These are shopping agents (or comparison tools) and automated marketplaces. It scrutinizes their underlying processes and the way they serve the consumer, thereby highlighting risks and issues associated with their use. The ultimate aim is to ascertain whether the current EU regulatory framework relating to consumer protection, e-commerce, data protection and security adequately addresses the relevant risks and issues, thus affording a ‘safe’ shopping environment to the e-consumer. |
are trading bots legal: Contracting and Contract Law in the Age of Artificial Intelligence Martin Ebers, Cristina Poncibò, Mimi Zou, 2022-06-30 This book provides original, diverse, and timely insights into the nature, scope, and implications of Artificial Intelligence (AI), especially machine learning and natural language processing, in relation to contracting practices and contract law. The chapters feature unique, critical, and in-depth analysis of a range of topical issues, including how the use of AI in contracting affects key principles of contract law (from formation to remedies), the implications for autonomy, consent, and information asymmetries in contracting, and how AI is shaping contracting practices and the laws relating to specific types of contracts and sectors. The contributors represent an interdisciplinary team of lawyers, computer scientists, economists, political scientists, and linguists from academia, legal practice, policy, and the technology sector. The chapters not only engage with salient theories from different disciplines, but also examine current and potential real-world applications and implications of AI in contracting and explore feasible legal, policy, and technological responses to address the challenges presented by AI in this field. The book covers major common and civil law jurisdictions, including the EU, Italy, Germany, UK, US, and China. It should be read by anyone interested in the complex and fast-evolving relationship between AI, contract law, and related areas of law such as business, commercial, consumer, competition, and data protection laws. |
are trading bots legal: How to Day Trade Ross Cameron, 2015-10-29 Success as a day trader will only come to 10 percent of those who try. It’s important to understand why most traders fail so that you can avoid those mistakes. The day traders who lose money in the market are losing because of a failure to either choose the right stocks, manage risk, and find proper entries or follow the rules of a proven strategy. In this book, I will teach you trading techniques that I personally use to profit from the market. Before diving into the trading strategies, we will first build your foundation for success as a trader by discussing the two most important skills you can possess. I like to say that a day trader is two things: a hunter of volatility and a manager of risk. I’ll explain how to find predictable volatility and how to manage your risk so you can make money and be right only 50 percent of the time. We turn the tables by putting the odds for success in your favor. By picking up this book, you show dedication to improve your trading. This by itself sets you apart from the majority of beginner traders. |
are trading bots legal: Artificial Intelligence and International Economic Law Shin-yi Peng, Ching-Fu Lin, Thomas Streinz, 2021-10-14 Artificial intelligence (AI) technologies are transforming economies, societies, and geopolitics. Enabled by the exponential increase of data that is collected, transmitted, and processed transnationally, these changes have important implications for international economic law (IEL). This volume examines the dynamic interplay between AI and IEL by addressing an array of critical new questions, including: How to conceptualize, categorize, and analyze AI for purposes of IEL? How is AI affecting established concepts and rubrics of IEL? Is there a need to reconfigure IEL, and if so, how? Contributors also respond to other cross-cutting issues, including digital inequality, data protection, algorithms and ethics, the regulation of AI-use cases (autonomous vehicles), and systemic shifts in e-commerce (digital trade) and industrial production (fourth industrial revolution). This title is also available as Open Access on Cambridge Core. |
are trading bots legal: Algorithmic and High-Frequency Trading Álvaro Cartea, Sebastian Jaimungal, José Penalva, 2015-08-06 The design of trading algorithms requires sophisticated mathematical models backed up by reliable data. In this textbook, the authors develop models for algorithmic trading in contexts such as executing large orders, market making, targeting VWAP and other schedules, trading pairs or collection of assets, and executing in dark pools. These models are grounded on how the exchanges work, whether the algorithm is trading with better informed traders (adverse selection), and the type of information available to market participants at both ultra-high and low frequency. Algorithmic and High-Frequency Trading is the first book that combines sophisticated mathematical modelling, empirical facts and financial economics, taking the reader from basic ideas to cutting-edge research and practice. If you need to understand how modern electronic markets operate, what information provides a trading edge, and how other market participants may affect the profitability of the algorithms, then this is the book for you. |
are trading bots legal: Artificial Intelligence in Finance Nydia Remolina, Aurelio Gurrea-Martinez, 2023-01-20 This book provides a comprehensive analysis of the primary challenges, opportunities and regulatory developments associated with the use of artificial intelligence (AI) in the financial sector. It will show that, while AI has the potential to promote a more inclusive and competitive financial system, the increasing use of AI may bring certain risks and regulatory challenges that need to be addressed by regulators and policymakers. |
are trading bots legal: Quantitative Trading Systems, Second Edition Howard Bandy, 2011-06-02 |
are trading bots legal: Economics and Law of Artificial Intelligence Georgios I. Zekos, 2021-01-11 This book presents a comprehensive analysis of the alterations and problems caused by new technologies in all fields of the global digital economy. The impact of artificial intelligence (AI) not only on law but also on economics is examined. In the first part, the economics of AI are explored, including topics such as e-globalization and digital economy, corporate governance, risk management, and risk development, followed by a quantitative econometric analysis which utilizes regressions stipulating the scale of the impact. In the second part, the author presents the law of AI, covering topics such as the law of electronic technology, legal issues, AI and intellectual property rights, and legalizing AI. Case studies from different countries are presented, as well as a specific analysis of international law and common law. This book is a must-read for scholars and students of law, economics, and business, as well as policy-makers and practitioners, interested in a better understanding of legal and economic aspects and issues of AI and how to deal with them. |
are trading bots legal: Emotional Banking Duena Blomstrom, 2018-03-16 Banking is under threat. Despite access to fast-paced technology known as FinTech, an antiquated business model and internal organizational paralysis do not allow for the creation of a truly beloved brand and are stifling change. To survive and thrive when their competition is catching up, banks must understand the principles behind Emotional Banking—a cultural change concept that brings the consumer to the center of rethinking banking products and delivery. This book starts with a history of the space then moves into an overview of what FinTech is. After discussing the state of banking today including stories from the biggest names in the industry, the concept of Emotional Banking and Brand are introduced as an answer to the problems outlined above. It concludes with examples of best practices and a hands-on approach on how to change the inertia, become a brand and make customers fall in love with their bank. Some of the questions this book tackles include: · Why don’t banks “care”? · How many banks will survive? · What is FinTech and why does it matter? · Can Banks become beloved brands and find their way to the consumer’s heart? · Why is there a disconnect between what we say and what we do in the industry? · Is inertia in banking a result of broken internal culture? · Which big brand or challenger will be at the top in 5 years? |
are trading bots legal: The Liberated Stock Trader Barry D. Moore, 2011-04-01 From pocket change to financial freedom. Learn the critical skills you need to be an independent, self directed stock market investor. This is a truly unique stock market training course designed to help YOU make informed decisions about how to invest YOUR money, whether you are a beginner or already investing. Only 20% of stock market investors are actually able to beat the market, this training course is designed to help you be part of that winning 20% This book and the accompanying 16 hours of video training lessons have been created for those who are truly serious about their education. Barry D Moore's unique approach to training makes it easy to understand how the stock market works and how to apply your knowledge practically This integrated stock market training course training course includes: How you can find great stocks in great markets (Fundamental Analysis) How you can master stock charts, indicators and patterns (Technical Analysis) How many stocks to buy, when to buy and when to sell How to create your own winning stock market strategy Practical Guides to get you up and running fast include: The Stock Traders Checklist The Top 5 Mistakes To Avoid From The Start Top 10 Best Free Stock Charting Tools How To Find Great Stocks The Stock Market Millionaire The Trading System Workbook This honest, independent and trustworthy education consists of: The Liberated Stock Trader Book - large format and filled with diagrams and charts 16 hours of high quality video (available online) Mobile Edition - 16 hours of video (for iPhone/iPad/Android) Mobile Edition eBook in pdf format With 16 hours of educational video tutorials and the Liberated Stock Trader Book you will be well prepared for successful stock market investing Stock Market Success Need Knowledge, Experience And Patience Get the knowledge you need with the Liberated Stock Trader |
are trading bots legal: Law and Enjoyment Daniel Hourigan, 2015-06-05 This book advocates, and develops, a critical account of the relationship between law and the largely neglected issue of ‘enjoyment’. Taking popular culture seriously – as a lived and meaningful basis for a wider understanding of law, beyond the strictures of legal institutions and professional practices – it takes up a range of case studies from film and literature in order to consider how law is iterated through enjoyment, and how enjoyment embodies law. Drawing on psychoanalytic theory, this book addresses issues such as the forced choice to enjoy the law, the biopolitics of tyranny, the enjoyment of law’s contingency, the trauma of the law’s symbolic codification of pleasure, and the futuristic vision of law’s transgression. In so doing, it forges an important case for acknowledging and analyzing the complex relationship between power and pleasure in law – one that will be of considerable interest to legal theorists, as well as those with interests in the intersection of psychoanalytic and cultural theory. |
are trading bots legal: The Antitrust Paradox Robert Bork, 2021-02-22 The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. |
are trading bots legal: We, the Robots? Simon Chesterman, 2021-08-05 Should we regulate artificial intelligence? Can we? From self-driving cars and high-speed trading to algorithmic decision-making, the way we live, work, and play is increasingly dependent on AI systems that operate with diminishing human intervention. These fast, autonomous, and opaque machines offer great benefits – and pose significant risks. This book examines how our laws are dealing with AI, as well as what additional rules and institutions are needed – including the role that AI might play in regulating itself. Drawing on diverse technologies and examples from around the world, the book offers lessons on how to manage risk, draw red lines, and preserve the legitimacy of public authority. Though the prospect of AI pushing beyond the limits of the law may seem remote, these measures are useful now – and will be essential if it ever does. |
are trading bots legal: Open EDI and Law in Europe Andreas Mitrakas, 1997-01-01 Electronic commerce applications all allow the transfer of electronic data from one point to another. Open EDI--a particular application of electronic commerce--also permits commercial transactions to take place in a fully automated and highly organised trading environment. This volume focuses on open EDI and its relationship with law. When confronted with technology, the typical reaction of the law is to support interpretations and amendments of existing statutes so that old laws can accommodate the change. Open EDI, however, does not fit within this traditional regulatory method. Open EDI permits ad hoc open electronic transactions irrespective of geographical border and jurisdictions among trading partners with no prior trade relationship. By doing so, open EDI limits the possibility of using up-front interchange agreements to address the legal problems of the interchange. It therefore requires the use of legal instruments supported by information technology to overcome legal problems. Openness in an electronic environment has the potential to initiate an unobserved change in law. Possible regulations should address users' need to act in such a trading environment without the inhibition of basic legal concerns. Open EDI and Law in Europe concludes that the challenge of open EDI necessitates working toward a new legal framework based on international law and supported by information technology. This volume will assist lawyers and laypersons concerned with the practical and theoretical aspects of the legal issues of the application of open EDI by pointing out subtle issues in the application of law in this area and by provoking thought regarding possible solutions. |
are trading bots legal: Handbook of Blockchain Law Matthias Artzt, Thomas Richter, 2020-07-16 Blockchain has become attractive to companies and governments because it promises to solve the age-old problem of mutability in transactions - that is, it makes falsification and recalculation impossible once a transaction has been committed to the technology. However, the perceived complexity of implementing Blockchain calls for an in-depth overview of its key features and functionalities, specifically in a legal context. The systematic and comprehensive approach set forth in this indispensable book, including coverage of existing relevant law in various jurisdictions and practical guidance on how to tackle legal issues raised by the use of Blockchain, ensures a one-stop-shop reference book for anyone considering Blockchain-based solutions or rendering advice with respect to them. Within a clear structure by fields of law allowing for a systematic approach, each contributor - all of them are practitioners experienced with Blockchain projects within their respective areas of expertise - elucidates the implications of Blockchain technology and related legal issues under such headings as the following: technical explanation of Blockchain technology; contract law; regulatory issues and existing regulation in a variety of jurisdictions; data protection and privacy; capital markets; information security; patents and other intellectual property considerations; and antitrust law. Keeping the legal questions and concepts sufficiently generic so that lawyers can benefit from the handbook irrespective of their jurisdiction and legal background, the authors cover such specific characteristics of Blockchain implementation as so-called smart contracts, tokenization, distributed ledger technology, digital securities, recognition of code as law, data privacy challenges and Blockchain joint ventures. Because Blockchain is a relatively new technology still in process and raises a multitude of legal questions, this well-balanced introduction - at a depth that allows non-IT experts to understand the groundwork for legal assessments - provides a solid basis for organizations and their legal advisors in identifying and resolving Blockchain-related issues. Legal practitioners, in-house lawyers, IT professionals and advisors, consultancy firms, Blockchain associations and legal scholars will welcome this highly informative and practical book. |
are trading bots legal: The Future of the Law of Contract Michael Furmston, 2020-05-10 The Future of the Law of Contract brings together an impressive collection of essays on contract law. Taking a comparative approach, the aim of the book is to address how the law of contract will develop over the next 25 years, as well as considering the ways in which changes to the way that contracts are made will affect the law. Topics include good faith; objectivity; exclusion clauses; economic duress; variation of contract; contract and privacy law in a digital environment; technological change; Choice of Court Agreements; and Islamic finance contracts. The chapters are written by leading academics from England, Australia, Canada, the United States, Singapore and Malaysia. As such, this collection will be of global interest and importance to professionals, academics and students of contract law. |
are trading bots legal: Artificial Intelligence Christina Ahmet, 2018-11-20 Currently, Artificial Intelligence (AI) lives amongst the human population. They reside in smartphones. They help people find content on the internet. They learn the behavior of their owners and put out relevant, interesting content to enhance their owner's experience while they are browsing on the internet. In this book you will learn all about Artificial Intelligence and how it will affect your life in the near future. Learn exactly what Artificial Intelligence is Machine Learning AI and The Internet Of Things Opportunities for Artificial Intelligence Intelligent IoT and much much more! |
are trading bots legal: The Reasonable Robot Ryan Abbott, 2020-06-25 Argues that treating people and artificial intelligence differently under the law results in unexpected and harmful outcomes for social welfare. |
are trading bots legal: The Rise and Rise of Illegal Ticket Touting Alessandro Moretti, 2023-02-10 This book presents an ethnographic study of contemporary ticket touts in the UK. Despite the recent interest in the topic of black-market ticket sales, media coverage and parliamentary interventions over the last ten years have revealed a widespread lack of knowledge with regard to the phenomenon of touting and the players engaging in the practice. The Rise and Rise of Illegal Ticket Touting sheds light on the world of touting and delivers an authentic picture of the individuals involved, of their methods, values, and motivations for performing ticket touting as an organised, entrepreneurial deviant activity. The touts’ varied methods of buying and selling tickets, the hierarchical structures and strict ethos of their criminal organisations, and their specific modi operandi for evading detection and arrest both on the streets and online are focal points of the study. Of equal importance are the touts’ attitudes, perceptions, and adaptations to (or outright dismissal of) society’s legal and moral frameworks. This book illuminates why historic and renewed attempts to challenge ticket touting have been unsuccessful, focusing on inadequate legislation, a lack of enforcement, and the widespread corruption and exploitable loopholes that exist within the official, primary ticket market. An accessible and compelling read, The Rise and Rise of Illegal Ticket Touting will appeal to students and scholars of criminology, sociology, social policy, policing and all those with an interest in live music and sport and the hidden practices that lurk beneath the surface. |
Customer Advisory: AI Won t Turn Trading Bots into Money …
Fraudsters are exploiting public interest in artificial intelligence (AI) to tout automated trading algorithms, trade signal strategies, and crypto-asset trading schemes that promise …
ALGORITHMIC CONTRACTS - Stanford Law School
Mar 3, 2018 · There is only a tenuous case for their enforceability under currently accepted approaches to contract law. The Uniform Electronic Transac-tions Act (UETA) was written and …
Machine Learning, Market Manipulation, and Collusion on …
We demonstrate how the “black box” nature of specific ML-powered algorithmic trading strategies can subvert existing market abuse laws, which are based upon traditional liability concepts and …
Money-making BOTs: The legal threat destroying consumer …
Bots were originally used to automate certain tasks and improve the speed, ease and accuracy that any human could achieve. However, just like any technology, bots have been misused and …
Algorithmic Trading and AI: A Review of Strategies and …
From high-frequency trading to machine learning-driven predictive analytics, this review unveils the multifaceted landscape of algorithmic trading in the era of AI, presenting both opportunities …
Are Stock Trading Bots Legal (2024) - bubetech.com
Algo Bots and the Law Gregory Scopino,2020-10-15 An exploration of how financial market laws and regulations can and should govern the use of artificial intelligence The Front Office Tom …
Legal Consequences of Using Trading Robots for Capital …
Technological advances have made the use of trading robots to execute trades automatically based on pre-programmed algorithms. This research aims to analyze the legal consequences …
Ethical Issues for Autonomous Trading Agents - Springer
Precise figures on the share of trading conducted by agents (in this context often called trading bots or algos) are not available, but most estimates attribute to algorithms over half of trading …
Algorithmic Trading Bot and Price Prediction
A trading bot is configured to autonomously evaluate markets, spot trading opportunities and act upon them by precisely placing trade orders using the Zerodha trading platform.
Are Trading Bots Legal [PDF] - bubetech.com
Building Trading Bots Using Java Shekhar Varshney,2016-12-07 Build an automated currency trading bot from scratch with java In this book you will learn about the nitty gritty of automated …
CONGRESSIONAL STOCK TRADING BY THE NUMBERS
SUMMARY reforms are necessary in the first place. While the STOCK Act provides for disclosure of stock transactions and prohibits insider trading, the law does not otherwise restrict the o …
Artificial intelligence and machine learning in financial services
Machine learning can be used to create ‘trading robots’ that then teach themselves how to react to market changes. Market impact analysis involves evaluating the effect of a firm’s own trading …
Easy Trade: Forex Trading bot Using Artificial Intelligence
Trading bots automate the process, following pre-set rules to execute trades, and are optimized for different strategies. Zulutrade: A social trading platform that follows market trends by …
Are Trading Bots Legal (PDF) - tembo.inrete.it
Algo Bots and the Law Gregory Scopino,2020-10-15 An exploration of how financial market laws and regulations can and should govern the use of artificial intelligence
United States Court of Appeals for the Fifth Circuit
Jul 21, 2023 · The PredictIt Market is an online marketplace that lets people trade on the predicted outcomes of political events. Essentially, it is a futures market for politics. In 2014, a division …
Algorithmic trading governance and controls - KPMG
Because algorithmic trading removes the human factor from a dealing desk’s inherent risk profile, it should provide opportunities to better define and control for good outcomes. However, the …
Note: in yellow, are follow-ups to March - web.nacva.com
He found several interested backers in Silicon Valley, who injected an estimated $50 million into Alameda Research to continue developing crypto trading bots and strategies. As previously …
Polybot: A Telegram-Based Trading Bot for Polymarket
Polybot addresses these challenges by providing a Telegram-based trading interface, allowing users to interact with Polymarket through simple, intuitive commands. By integrating data …
AN ANALYSIS OF ARTIFICIAL INTELLIGENCE AND ITS ROLE IN …
y are essentially trading algorithms designed to achieve desired outcomes. While pre-defined rules for trading are available on most crypto bot trading platforms, you may also customize the …
Report to Congress on Algorithmic Trading - SEC.gov
Is the risk of a trade appropriate to a available by facilitating a sent? Is it securities to provide or products? algorithmically. The types of dimensions of algorithms or activity as in.
Customer Advisory: AI Won t Turn Trading Bots into Money …
Fraudsters are exploiting public interest in artificial intelligence (AI) to tout automated trading algorithms, trade signal strategies, and crypto-asset trading schemes that promise …
ALGORITHMIC CONTRACTS - Stanford Law School
Mar 3, 2018 · There is only a tenuous case for their enforceability under currently accepted approaches to contract law. The Uniform Electronic Transac-tions Act (UETA) was written and …
Machine Learning, Market Manipulation, and Collusion on …
We demonstrate how the “black box” nature of specific ML-powered algorithmic trading strategies can subvert existing market abuse laws, which are based upon traditional liability concepts …
Money-making BOTs: The legal threat destroying consumer …
Bots were originally used to automate certain tasks and improve the speed, ease and accuracy that any human could achieve. However, just like any technology, bots have been misused …
Algorithmic Trading and AI: A Review of Strategies and …
From high-frequency trading to machine learning-driven predictive analytics, this review unveils the multifaceted landscape of algorithmic trading in the era of AI, presenting both opportunities …
Are Stock Trading Bots Legal (2024) - bubetech.com
Algo Bots and the Law Gregory Scopino,2020-10-15 An exploration of how financial market laws and regulations can and should govern the use of artificial intelligence The Front Office Tom …
Legal Consequences of Using Trading Robots for Capital …
Technological advances have made the use of trading robots to execute trades automatically based on pre-programmed algorithms. This research aims to analyze the legal consequences …
Ethical Issues for Autonomous Trading Agents - Springer
Precise figures on the share of trading conducted by agents (in this context often called trading bots or algos) are not available, but most estimates attribute to algorithms over half of trading …
Algorithmic Trading Bot and Price Prediction
A trading bot is configured to autonomously evaluate markets, spot trading opportunities and act upon them by precisely placing trade orders using the Zerodha trading platform.
Are Trading Bots Legal [PDF] - bubetech.com
Building Trading Bots Using Java Shekhar Varshney,2016-12-07 Build an automated currency trading bot from scratch with java In this book you will learn about the nitty gritty of automated …
CONGRESSIONAL STOCK TRADING BY THE NUMBERS
SUMMARY reforms are necessary in the first place. While the STOCK Act provides for disclosure of stock transactions and prohibits insider trading, the law does not otherwise restrict the o …
Artificial intelligence and machine learning in financial services
Machine learning can be used to create ‘trading robots’ that then teach themselves how to react to market changes. Market impact analysis involves evaluating the effect of a firm’s own trading …
Easy Trade: Forex Trading bot Using Artificial Intelligence
Trading bots automate the process, following pre-set rules to execute trades, and are optimized for different strategies. Zulutrade: A social trading platform that follows market trends by …
Are Trading Bots Legal (PDF) - tembo.inrete.it
Algo Bots and the Law Gregory Scopino,2020-10-15 An exploration of how financial market laws and regulations can and should govern the use of artificial intelligence
United States Court of Appeals for the Fifth Circuit
Jul 21, 2023 · The PredictIt Market is an online marketplace that lets people trade on the predicted outcomes of political events. Essentially, it is a futures market for politics. In 2014, a …
Algorithmic trading governance and controls - KPMG
Because algorithmic trading removes the human factor from a dealing desk’s inherent risk profile, it should provide opportunities to better define and control for good outcomes. However, the …
Note: in yellow, are follow-ups to March - web.nacva.com
He found several interested backers in Silicon Valley, who injected an estimated $50 million into Alameda Research to continue developing crypto trading bots and strategies. As previously …
Polybot: A Telegram-Based Trading Bot for Polymarket
Polybot addresses these challenges by providing a Telegram-based trading interface, allowing users to interact with Polymarket through simple, intuitive commands. By integrating data …
AN ANALYSIS OF ARTIFICIAL INTELLIGENCE AND ITS ROLE IN …
y are essentially trading algorithms designed to achieve desired outcomes. While pre-defined rules for trading are available on most crypto bot trading platforms, you may also customize …